China shares set for best day in 2 weeks, lift Hong Kong

China shares could post their best daily gain in two weeks on Monday, lifting the Hong Kong market, as investors welcomed comments from a senior central bank official seen as a tacit admission that bank profits needs to be protected.

Pan Gongsheng, a deputy governor of the bank, said that the pace and timing of freeing interest rates must consider banks’ profitability and capability of replenishing capital, as the two factors affect credit supply to the whole economy.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1137868/china-shares-set-best-day-2-weeks-lift-hong-kong